If households spend $0.40 of each additional dollar of increased income, the expenditure multiplier will be
A) 1.67.
B) 2.5.
C) 4.
D) 6.
A
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Unemployment caused by the normal labor turnover is called ________ unemployment
A) part-time B) frictional C) involuntary D) cyclical
Antitrust law is the law that regulates ________ and prevents them from becoming ________
A) oligopolies; monopolies B) monopolies; oligopolies C) monopolistically competitive firms; oligopolies D) oligopolies; monopolistically competitive firms
By the percentage of each type of business organization in the United States, rank sole proprietorships, partnerships, and corporations in terms of the number of firms, revenue, and profits
What will be an ideal response?
In a long-run equilibrium, firms in both perfectly competitive markets and monopolistically competitive markets produce a quantity below the efficient scale of production
a. True b. False Indicate whether the statement is true or false